Project Profile

Location: Neuquen Basin

Developed Area: Bajada del Palo Oeste(62,640 net acres), Bajada del Palo Este(48,850 net acres)

License term: 2053

Commitment: Bajada del Palo Oeste(106$MM in 18 months), Bajada del Palo Este(52$MM in 3 years)

2019 plan: Bajada del Palo Oeste(drill 18 wells, frac & tie 13 wells), Bajada del Palo Este(considering bringing in strategic partner to accelerate pilot and share delineation risk)

Bajada del Palo Development Project contains of Bajada del Palo Oeste and Bajada del Palo Este Blocks. 

Vista Oil & Gas acquired Bajada del Palo in 2018 as part of its first acquisition after its 2017 IPO. The operator drilled its first four shale wells in 2018.The block is surrounded on three sides by La Amarga Chica, where YPF and PETRonAS are developing tight oil. The project is also very close to Loma Campana, Vaca Muerta's flagship development.

Vista will carry out the following investments (i) with respect to the Bajada del Palo Oeste block, with 62,640 acres, the drilling of eight horizontal wells with a total investment amount of approximately US$ 105,600,000.00 to be made within a 18-month term; and (ii) with respect to the Bajada del Palo Este block, with 48,850 acres, the drilling of five horizontal wells, with a total investment amount of approximately US$51,800,000.00 to be made within a 36-month term.

Operator:

Vista Oil＆Gas : Operator with 50% interest